NEW YORK, Oct. 10, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Stationary Lead-Acid (SLA) Battery Market size is estimated to grow by USD 4.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.12% during the forecast period. Increased investment in green telecom is driving market growth, with a trend towards development of advanced lead-acid battery. However, shortfalls of lead-acid batteries poses a challenge - Key market players include Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., C and D Technologies Inc., CLARIOS LLC, Crown Micro, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa International Ltd., Hankook and Co. Ltd, Hitachi Ltd., Leoch International Technology Ltd., MIDAC SpA, Panasonic Holdings Corp., SEBANG GLOBAL BATTERY Co. Ltd., Shandong Sacred Sun Power Sources Co. Ltd., Surrette Battery Co. Ltd., Tianneng Group, and Zhejiang Narada Power Source Co. Ltd..
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Forecast period 2024-2028 Base Year 2023 Historic Data - Segment Covered End-user (Telecom, UPS, and Others) and Geography (APAC, Europe, North America, Middle East and Africa, and South America) Region Covered APAC, Europe, North America, Middle East and Africa, and South America Key companies profiled Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., C and D Technologies Inc., CLARIOS LLC, Crown Micro, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa International Ltd., Hankook and Co. Ltd, Hitachi Ltd., Leoch International Technology Ltd., MIDAC SpA, Panasonic Holdings Corp., SEBANG GLOBAL BATTERY Co. Ltd., Shandong Sacred Sun Power Sources Co. Ltd., Surrette Battery Co. Ltd., Tianneng Group, and Zhejiang Narada Power Source Co. Ltd.
Key Market Trends Fueling Growth
The Stationary Lead-Acid (SLA) battery market is experiencing significant growth due to favorable government policies supporting renewable energy and the increasing demand for uninterruptible power supplies in various industries. Telecommunication companies and FMCG firms are major consumers, utilizing SLA batteries for their critical power needs. The renewable energy sector, 5G technology rollout, and transportation infrastructure development are also driving demand. SLA batteries are used in telecom towers, data centers, EV power stations, and oil & gas industry for power generation and energy storage. However, concerns over the use of toxic materials like lead and sulfuric acid persist. Innovations like Absorbent Glass Mat, Gel VRLA batteries, Calcium-alloy grids, Carbon additives, Pulse charging, and Multi-stage charging are addressing these concerns. Proper battery disposal and recycling at recycling centers are crucial for sustainable growth. The market includes VRLA batteries, Gel batteries, SLI batteries, and is expected to expand in sectors like utilities, building, and power generation.
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Market Challenges
Lead-acid batteries are widely utilized batteries with a cost advantage in various applications due to their affordability. However, they have some disadvantages that may limit their growth in the market. These batteries are heavier and less durable than alternatives like lithium-ion and nickel batteries. Their life expectancy under continuous charge depends on factors like charging frequency, voltage, and depth of discharge. High temperatures reduce their life span. Lead-acid batteries have lower energy density and lose the ability to accept a charge when discharged for extended periods due to sulfation. The automotive and related industries' expansion has driven demand for lead-acid batteries as power sources. However, they contain toxic lead oxide, posing risks to the environment and human health. Improper disposal of lead components contributes to lead pollution, causing air pollution and health issues. Regulatory actions against lead-acid battery manufacturers due to lead poisoning and pollution concerns further restrict their usage. These disadvantages may hamper the growth of the lead-acid battery market during the forecast period.
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Segment Overview
This stationary lead-acid (sla) battery market report extensively covers market segmentation by
End-user
1.1 Telecom
1.2 UPS
1.3 Others
Geography
2.1 APAC
2.2 Europe
2.3 North America
2.4 Middle East and Africa
and 2.5 South America
1.1 Telecom- Lead-acid batteries offer cost-effective energy storage solutions in the market, making them a popular choice for various applications, particularly in the telecom industry. Compared to Li-ion batteries, lead-acid batteries may have a lower energy density per unit but maintain similar energy-storing potential when connected to a network with additional systems. Telecom tower installations predominantly use lead-acid batteries due to their reliability and lower markup prices, supporting low operating costs and ownership. Exide Industries Ltd. And Narada Power Source Co. Ltd. Are key players in the market, providing maintenance-free VRLA batteries specifically designed for the telecom sector. Exide Industries' batteries ensure excellent performance and long life, while Narada Power's 313K high-temperature VRLA battery offers fast installation, no maintenance cost, and operates efficiently in high temperatures, making it suitable for continuous operations above 35 degrees Celsius. These factors contribute to the growth of the lead-acid battery market in the telecom sector during the forecast period.
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Research Analysis
The Stationary Lead-Acid (SLA) battery market refers to the use of lead-acid batteries for stationary applications, such as power backup systems, telecommunication networks, and renewable energy sector projects. These batteries come in various types, including flooded, Absorbent Glass Mat (AGM), and Gel VRLA (Valve Regulated Lead-Acid). SLA batteries are known for their reliability and durability, making them a popular choice for energy storage in off-grid solar projects and uninterruptible power supplies. Despite their advantages, SLA batteries face competition from Lithium-ion batteries, which offer higher energy density and longer cycle life. However, SLA batteries have the advantage of being a mature technology with a well-established supply chain and lower cost. SLA batteries consist of toxic materials, including lead and sulfuric acid, which require careful handling and disposal. The batteries are rechargeable, and their charging process involves multi-stage charging and pulse charging to optimize battery performance. Carbon additives and Calcium-alloy grids are used to improve battery performance and longevity. In the renewable energy sector, SLA batteries are used to store excess energy generated by Solar PV equipment and wind turbines for later use. The market for SLA batteries is expected to grow due to the increasing demand for energy storage devices in the electric vehicles, 5G technology, and FMCG companies sectors.
Market Research Overview
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-user
Telecom
UPS
Others
Geography
APAC
Europe
North America
Middle East And Africa
South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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